Duplex with Separate
1929 N GRATZ Street Philadelphia, PA 19121
For Sale
$390,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,231 SF
Lot Size0.03 Acres
Price / SF$316.82
Days on Market122
Property Features for 1929 N GRATZ Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,231 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7787
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2012
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
nabila baba alaoui-jackson · License #RS344492
(215) 936-9386
Added: Mar 25
Changed: Jun 10
Last Checked: Jul 24 at 7:06AM
MLS# PAPH2598782
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This investor-ready duplex offers two separate living units in a single property. The building is described as having approximately 2,600+ square feet and provides flexible layouts intended to support either student housing or long-term tenants. Each unit is noted to include generous living space and separate utilities, which can simplify operations and tenant management. The property is currently vacant, giving an owner the ability to move directly into occupancy or plan a repositioning based on the next rental configuration.
The property is located at 1929 N Gratz Street in Philadelphia, PA 19121, in the Temple University area. The remarks indicate convenient access to public transportation and major development corridors, with proximity to Temple University described as just minutes away.
For buyers seeking a straightforward residential income asset, this duplex’s two-unit structure and separate utilities are practical starting points. Because the property is vacant, it may support a quick operational transition for an owner-occupant or an investor looking to implement their preferred leasing strategy without needing to work around existing in-place tenants. The combination of flexible layout description, unit separation, and immediate occupancy option is aligned with both student-oriented and longer-term rental plans, as reflected in the provided information.
The property is located at 1929 N Gratz Street in Philadelphia, PA 19121, in the Temple University area. The remarks indicate convenient access to public transportation and major development corridors, with proximity to Temple University described as just minutes away.
For buyers seeking a straightforward residential income asset, this duplex’s two-unit structure and separate utilities are practical starting points. Because the property is vacant, it may support a quick operational transition for an owner-occupant or an investor looking to implement their preferred leasing strategy without needing to work around existing in-place tenants. The combination of flexible layout description, unit separation, and immediate occupancy option is aligned with both student-oriented and longer-term rental plans, as reflected in the provided information.
Key Highlights
- Prime location near Temple University, a high‑demand rental area.
- Investor‑ready duplex with strong rental potential.
- Approximately 2,600+ square feet with flexible layouts.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $30.0k | $24.38 |
| − OpEx | −$9.0k | −$7.31 |
| NOI | $21.0k | $17.06 |
1,231 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,007 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$276.6K
$242.0K – $322.7K
NOI $19,363 @ 7.0% cap · market cap 4.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant duplex with flexible unit layouts and separate utilities, positioned for immediate occupancy or repositioning.
Where is this duplex located?
The property is located at 1929 N GRATZ Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Prime location near Temple University, a high‑demand rental area.; Investor‑ready duplex with strong rental potential.; Approximately 2,600+ square feet with flexible layouts.
